Commodity Tips:- Natural Gas Trading Range For The Day Is 169.2-179.2

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Natural Gas trading range for the day is 169.2-179.2.

 

Natural Gas declined, amid speculation the start of spring will bring warmer temperatures throughout the U.S. and cut into demand for the fuel.

 

Total natural gas in storage currently stands at 1.354 trillion cubic feet (tcf), according to the U.S. Energy Information Administration.

 

Record high domestic production levels have overshadowed the fact that stocks in storage are well below their seasonal averages for this time of year.

 

Technically market is under fresh selling as market has witnessed gain in open interest by 19.07% to settle at 11383.

 

Get Daily Commodity Tips So Give A Missed Call @ 9039001060 And Like This Page >> Investment Visor.

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